Opening the door in August, you still need to pay attention to the possibility of adjustment

On Monday, A shares opened in August. The scientific and technological themes performed well, the new energy vehicle industry chain rose sharply, and chips and consumer electronics rebounded significantly. The Shanghai Composite Index, CSI 300, and GEM index rose by 0.21%, 0.45%, and 2.37%, respectively. A -share turnover is slightly lower than trillion yuan, and the northbound capital purchase of 2.398 billion yuan throughout the day.

Recently, the policy is densely released. The most popular market is the new energy vehicle industry chain. In addition to the relevant meeting last week mentioned the extension of the purchase tax policy for extending the purchase of new energy vehicles, the "Implementation Plan for the Carbon Peak of the Industrial Field" was issued on August 1st. It is planned that by 2025, the value -added energy consumption of industrial units above designated size will decrease by 13.5 from 2020 to 13.5. %, The decline in the amount of carbon dioxide emissions in the unit's industrial added value is greater than the decline in the whole society, and the intensity of carbon dioxide emissions in key industries has decreased significantly.

In the field of transportation, the "Plan" mentioned the supply of green low -carbon products in the field of transportation. Vigorously promote energy conservation and new energy vehicles, strengthen the innovation of vehicle integration technology, and improve the concentration of the new energy vehicle industry. Increase the proportion of new energy vehicles in the fields of urban bus, taxi, postal express, sanitation, urban logistics distribution and other fields, and increase the proportion of personal consumption of new energy vehicles.

Recently, the core price of new energy vehicle independent brands with heavy models -seal and dark blue SL03 are listed on the market. Its electrifying technology and technological allocation are expected to lead new energy vehicles to high cost performance and high battery life.

According to data from the China Automobile Association, as of the first half of 2022, new energy vehicles sold 2.60 million units, an increase of 115.0%year -on -year, and the penetration rate was 21.56%. Driven by favorable policies and new models, domestic electric vehicle sales growth is expected to accelerate. However, the short -term accumulation of new energy vehicles ETF (159806) and automobile ETF (516110) is not small. The opportunities for participating in the market should pay attention to dips and batches.

August 1 is the Army Festival, and the military sector is also good for news. China Commercial Flying Officer WeChat announced that the domestic large aircraft C919 completed the testing of evidence collection. The first C919 first flight test was successfully completed in May, and it is expected to be delivered during the year.

According to the forecast of China Commercial Fei, China will become the world's largest single aviation market in 2040. In the next 20 years, China will receive a total of 9084 civil aviation passenger planes, with a total market value of more than 9 trillion yuan; it is estimated that the number of domestic passenger aircraft delivery in the next 20 years will be about 3,000 in the next 20 years. The rack is worth over 2 trillion yuan, and the industry compound growth rate exceeds 20%.

In addition, the new generation of aerial refueling engine was put into use last week. In the context of the state's continued growth of airdrop capacity and large-range flight demand, the prosperity of the aviation equipment industry chain represented by the transportation-20 and its modification will continue to increase.

In August, the interim report dense disclosure period is about to enter. From the current disclosed interim report notice, the net profit of the SCR military index stocks is expected to be more than 40%year -on -year, which is expected to be more than 40%. The impact of the factors is relatively smaller. In the third quarter, military industry companies will make up for the "gap" of the second quarter. On the other hand, in order to cope with the current situation uncertainty, the fourth quarter tasks will be completed early as possible. Therefore, production delivery in the third quarter will be particularly full.

Since the end of April, the military industry ETF (512660) rebounded nearly 40%, but the valuation of the PE valuation of the Syndrome Index in the target index was only at 18.21%of history, which was not high. Recently, the market attention of the ETF of the military industry has also increased significantly, with a net inflow of over 2.1 billion yuan in the past 60 days. Interested partners can look back at "Ai Xiaojun: The Great Season of the B fundraising in the Military Workers in the Third quarter".

Source: Wind

Recently, the consumer electronics sector also showed signs of heating at the bottom, which has strengthened with the chip sector. In the first half of the year, the smartphone market was impacted by various factors such as tight international situations and high inflation. In addition to entering the traditional off -season, shipments continued to decline. With the acceleration of consumption policies, consumer demand that is suppressed in the early stage will gradually be released.

According to the data of China Xintong Academy, the overall shipments of the domestic mobile phone market in June 2022 were 28.017 million units, a year -on -year+9.2%, and a month -on -month+34.7%. The year -on -year change in a single month was the first negative to positive since the beginning of the year. Consumption demand has gradually recovered. At the same time, the "618" activity stimulates demand, and Apple performs strong. Entering the peak sales season in the second half of the year, the new iPhone release and MAC supply chain restrictions are expected to drive the performance of the supply chain manufacturer, but the overall consumption recovery level needs to be observed.

Recently, the United States has passed the "Chip and Science Act" to provide about $ 52 billion in government subsidies for chip research, design and production in the United States; before 2026, it provides 25%tax credit for investment in the chip industry and invests. It is used for scientific and technological innovation to promote economic growth and create employment opportunities. Some clauses restrict the normal economic and trade and investment activities of enterprises in China, and the urgency of Chinese chips in my country is prominent. Therefore, although the demand for downstream consumer electronics is still uncertain in the short term, the logic of the localization of chips and the high growth of vehicle demand will not change, and the value of medium and long -term configuration is still high.

Source: Wind

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